Thursday, May 7, 2009

Buy On This Dip

Please Note: BUY on the dip but if shoot up to tomorrow or monday, I'll be looking to short on any retest of the TODAY's highs whether we hit a double top or create a lower high with very bullish sentiment, that'll be a good risk/reward position to enter new shorts.


BUY ON THE DIP said...

Love the title of your post! Hehe.

Stewie said...

hahahaha! i had a feeling i might get a comment from you!

gamingthemarket said...

Couldn't these be what Bo Yoder calls gopher trades? The STP chart looks very similar to his example. It's up ~300% in 4wks. The question is: How do you know when to trade with the crowd or against it?

Stewie said...

GTM. the low volume pullback to retest the high volume breakouts in STP and GNK is what is catching my eyes on these two. having said that, I am in STP long into tmrw. I just looking for a bounce here. I very cautious on the indexes as i believe we could be forming a top of some sort here.

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